Mr. Daniel Sanchez reports

CGX ENERGY ANNOUNCES ADOPTION OF QUARTERLY REPORTING EXEMPTION UNDER COORDINATED BLANKET ORDER 51-933

CGX Energy Inc. intends to adopt the policies outlined in the semi-annual financial reporting pilot program and exemptions provided under Coordinated Blanket Order 51-933 (Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers).

The SAR pilot program is implemented under the blanket order, which allows eligible venture issuers to voluntarily move from quarterly to semi-annual financial reporting. By adopting the SAR pilot program, CGX aims to reduce the administrative burden and associated costs of quarterly reporting.

In reliance of the blanket order, CGX will not file interim financial statements and related management's discussion and analysis for the three-month period ended March 31, 2026, and the nine-month period ending Sept. 30, 2026. CGX will continue to file audited annual financial statements and MD&A (due within 120 days of Dec. 31) and six-month interim financial statements and MD&A (due within 60 days of June 30).

CGX confirms it meets the SAR pilot's eligibility criteria, which include being a venture issuer with annual revenues of less than $10-million and maintaining a clean 12-month continuous disclosure record. CGX remains committed to timely disclosure, and will continue to report all material changes and significant developments as required under National Instrument 51-102 (Continuous Disclosure Obligations).

This news release is being filed pursuant to the blanket order.

About CGX Energy Inc.

CGX is a Canadian-based oil and gas exploration company focused on the exploration of oil in the Guyana-Suriname basin and the operation and development of a port in Berbice, Guyana.

We seek Safe Harbor.